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Companion Care is launching a new division to develop a network of joint venture surgeries on high streets around the UK.
Thus far, 62 out of the company's 66 surgeries have been located inside Pets at Home stores. The company says it plans to more than double the number of surgeries over the next 5 years, both within Pets at Home stores and on the high street.
The new surgeries will be branded Companion Care Vets. According to the company, they'll be full service practices featuring the latest equipment, situated in locations which offer clients easy access. Managing director, Jane Balmain, said: "The in-store model we operate has been very successful and offers a unique business proposition based around the customer footfall in Pets at Home stores. We will continue to accelerate the growth in numbers of in-store surgeries as the Pets at Home store footprint expands. "While in-store has been hugely successful and the driver in our growth, we know that there are many vets and veterinary nurses who are interested in a joint venture partnership but whose preference is to have a more traditional looking standalone surgery. To enable us to launch partnerships with these professionals we are developing a standalone surgery network plan. We already have 4 very successful standalone surgeries and we feel now is the right time to develop the stand alone concept as a mainstream business proposition." While the new surgeries will be standalone, Companion Care says they will be affiliated with local local Pets at Home stores to drive client registration and business development.
Jane added: "These stand alone surgeries will offer a unique business proposition due to our Pets at Home relationship. We believe that with this new venture we can offer any potential partner the best of both worlds: a superb in-store surgery with footfall of thousands of customers a month, or a standalone new surgery linked to local store(s) to develop the business. I don't believe any other company can offer this unique proposition."
Is this the warm up for the mother of all high street battles between Companion Care and Vets4Pets?
Companion Care has launched a new section on its website for vets and nurses that want to know more about current partnership and career opportunities in its small animal veterinary surgeries.
The new section includes:
Companion Care Services Managing Director, Jane Balmain added: "Our business goes from strength to strength, confirming that we are here to stay and present a genuinely attractive option for vets and nurses looking at different routes to business ownership. The Group, which now numbers 39 surgeries across the country, is forecast to turn over in excess of £28 million this year, and is achieving annual like-for-like sales growth of 17%. We estimate that dividend payments to our 50 plus partners will total £1.5 to £2 million this year."